"XRP's performance has been impressive lately, but will it last?"
The cryptocurrency Ripple (XRP) yesterday surprised when its price managed to break through the level of $0.73 before plunging back to $0.65 early this morning but rebounded in just a few minutes.
Stuart Alderoty, Ripple's Chief Legal Officer who gave strong support to XRP has caused more people in the United States (US) to be interested in investing in the digital asset.
Through observation, residents in 48 out of 50 states in the US are more interested in XRP than Ethereum (ETH) where Nevada, Delaware, Montana, Louisiana and Arizona are some of the regions that like XRP the most.
Some of that interest may have emerged shortly after Judge Analisa Torres ruled XRP was not a security which further brought about regulatory clarity and caused many crypto exchanges to relist XRP.
It is to be noted that institutional interest in XRP in the US is increasing as the digital asset is reported to have entered into agreements with various US giants to rebuild its position which has been affected by legal disputes.
So here it can be seen that XRP will not only see a significant price increase but will also be able to build an impressive performance record overseas if major banks in the US start using the digital asset to complete cross-border transactions.
XRP is also reported to enjoy a large following in the Asian region, especially in Japan following that country which previously contributed the most to the trading volume of the digital asset.
As of this writing, the price of XRP has jumped by 0.86% to $0.68 in the last 24 hours with a market cap of $36 billion and is up 19.20% over the past week.
